Bonds rise, call rate ends higher

The government securities (G-Sec) rose on good buying support from banks corporates and the call money rates ended higher at the overnight call money market here today owing to sustained demand from borrowing banks.
The 8.83 per cent government security maturing in 2023 shot up to Rs 100.05 from Rs 99.80 previously, while its yield fell to 8.82 per cent from 8.86 per cent.
The 8.28 per cent government security maturing in 2027 climbed to Rs 92.74 from Rs 94.60, while its yield declined to 9.22 per cent from 9.24 per cent.
The 7.28 per cent government security maturing in 2019 also gained to Rs 93.00 from Rs 92.92, while its yield eased at 8.93 per cent from 8.95 per cent.

The 7.16 per cent government security maturing in 2023, the 8.24 per cent government security maturing in 2027 and the 8.12 per cent government security maturing in 2020 were also quoted up at Rs 87.82, Rs 92.77 and Rs 95.34, respectively.
The overnight call money rate ended higher at 8.85 per cent from 8.75 per cent yesterday. It moved in a range of 9.25 per cent and 8.60 per cent.
The Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF) purchased securities worth Rs 389.76 billion in 59-bids at the one-day repo auction at a fixed rate of 7.75 per cent, while sold securities worth Rs 66.25 billion from 5-bids at the one-day reverse repo auction at a fixed rate of 6.75 per cent in the evening auction.